The taxman trawls the internet

HMRC are going after tax evaders on the world wide web…

Internet shopping sites such as eBay have become increasingly popular amongst those wanting to raise a bit of extra cash, but it seems that most users don’t understand there are in fact tax implications involved.

There is a huge difference in people selling a few unwanted items, who would probably avoid any tax liabilities, and those who are trading through websites like eBay or even trading at car boot sales.

There is a simple way to look at it however. You are not trading if you:-